I Q FINANCE LIMITED
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Next accounts due
2026-12-31 (in 7mo)
Last filed for 2025-03-31
Confirmation statement due
2027-02-08 (in 9mo)
Last made up 2026-01-25
Watchouts
Cash
£256K
-56.1% vs 2024
Net assets
£346K
-45.3% vs 2024
Employees
3
0% vs 2024
Profit before tax
£163K
-74.1% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
2 PSCs ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
2-year trend · vs Financials median
Accounts
2-year trend · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Turnover | £4,930,967 | £3,017,560 | |
| Operating profit | £633,005 | £175,003 | |
| Profit before tax | £628,898 | £162,778 | |
| Net profit | £458,636 | £119,048 | |
| Cash | £583,731 | £256,118 | |
| Total assets less current liabilities | £856,892 | £552,272 | |
| Net assets | £631,704 | £345,752 | |
| Equity | £631,704 | £345,752 | |
| Average employees | 3 | 3 | |
| Wages | £29,736 | £29,628 | |
| Directors' remuneration | £19,752 | £19,752 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2024 → FY2025 · period ending 2025-03-31 vs 2024-03-31
-
Turnover
-38.8%
£4,930,967 £3,017,560
-
Cash
-56.1%
£583,731 £256,118
-
Net assets
-45.3%
£631,704 £345,752
-
Employees
0%
3 3
-
Operating profit
-72.4%
£633,005 £175,003
-
Profit before tax
-74.1%
£628,898 £162,778
-
Wages
-0.4%
£29,736 £29,628
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Operating margin | 12.8% | 5.8% | |
| Net margin | 9.3% | 3.9% | |
| Return on capital employed | 73.9% | 31.7% | |
| Gearing (liabilities / total assets) | 41.4% | 50.0% | |
| Current ratio | 2.80x | 1.93x | |
| Interest cover | 87.48x | 11.92x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- I Q FINANCE LIMITED 2025-12-22 → present
- I Q FINANCE PLC 2002-02-14 → 2025-12-22
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Stonebridge Group Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Significant events
- “Turnover decreased by £1,913,407 from 2024 and the gross profit decreased by 6.06% to £385,415”
- “A year end operating profit of £162,778 decreased by £466,120 from 2024”
- “This was a challenging year but pleasing results continued to be achieved. The wider economic climate continues to be a difficult one, with high interest rates and with the IT industry increasingly moving towards a subscription model presenting challenges. Banks are also tightening their lending criteria which is also presenting challenges for the business.”
- “Future total income may be difficult to predict, however, we expect overall total overheads to be fairly similar as we also have no plans for recruitment nor to make any large investments in the foreseeable future.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
2 active · 6 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| WALSH SMITH, Robert | Director | 2002-02-14 | Apr 1972 | British |
| WALSH-SMITH, Louise Marie | Director | 2026-01-05 | May 1982 | British |
Show 6 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| FERREIRA, Manuel | Secretary | 2002-02-14 | 2003-03-03 |
| NOONAN, James Michael | Secretary | 2003-03-03 | 2026-01-05 |
| SAME-DAY COMPANY SERVICES LIMITED | Corporate Nominee Secretary | 2002-02-14 | 2002-02-14 |
| NILL, Alexander, Dr | Director | 2002-02-14 | 2011-04-30 |
| NOONAN, James Michael | Director | 2002-09-05 | 2026-01-05 |
| WILDMAN & BATTELL LIMITED | Corporate Nominee Director | 2002-02-14 | 2002-02-14 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| I Q Holdco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2026-01-05 | Active |
| Robert Walsh Smith | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2026-01-05 |
| James Michael Noonan | Individual | Shares 25–50%, Voting 25–50% | 2016-04-06 | Ceased 2026-01-05 |
Filing timeline
Last 20 of 114 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-12-22 CERT10 Certificate re registration public limited company to private
- 2025-12-22 RESOLUTIONS Resolution
- 2025-12-22 RR02 Reregistration public to private company
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-30 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2026-01-21 | AP01 | officers | Appoint person director company with name date | |
| 2026-01-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2026-01-21 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2026-01-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-21 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2026-01-21 | TM01 | officers | Termination director company with name termination date | |
| 2026-01-21 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-22 | CERT10 | change-of-name | Certificate re registration public limited company to private | |
| 2025-12-22 | MAR | incorporation | Re registration memorandum articles | |
| 2025-12-22 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-22 | RR02 | change-of-name | Reregistration public to private company | |
| 2025-08-26 | AA | accounts | Accounts with accounts type full | |
| 2025-02-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-07-29 | AA | accounts | Accounts with accounts type full | |
| 2024-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-07-15 | AA | accounts | Accounts with accounts type full | |
| 2023-02-09 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2022-06-29 | AA | accounts | Accounts with accounts type full | |
| 2022-02-01 | CS01 | confirmation-statement | Confirmation statement with no updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 13
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.